[RspecMAuthortah]

> In my city of Toronto, average real estate prices have gone from 2x average income in 1972 to 16x average income today. To continue growing at this pace they'd have to reach 128x average income by 2072.

Places like Toronto are generally an outlier. Part of it is due to high skilled worker immigration (to read it differently: more well off people emigrating to Canada) and high concentration of jobs in cities like Toronto.

I agree with your thesis although I think it has more to do with CAD losing its value compared to hard assets and a consequence of a decade with bad monetary policy.

[TimPC]

I think it's hard to classify Toronto as an Outlier, especially if you mean the GTA. There are 38 million Canadians according to the 2021 census. According to the same data source 6.7 million of them live in the GTA. This "outlier" is 17.63% of the data set which to me is closer to a quartile of your data than an outlier.